The Jersey Financial Services Commission (JFSC) is warning Islanders to be extra vigilant after reports that a business called CashFX may be targeting residents.
The JFSC is concerned that CashFX may be offering finanical services and products in the Island without holding a licence to do so.
Other regulators, including the UK Financial Conduct Authority, have also issued alerts about CashFX.
The JFSC is reminding Islanders that financial services firms conducting business in Jersey should be authorised by the regulator. You can find a list of registered businesses on its website here.
If you are contacted by or receive information about CashFX, you are asked to email the JFSC at firstname.lastname@example.org or call +44 (0)1534 822000 to speak to a member of the Enforcement team.
Cash FX Group information to look out for
- Address: RBS Tower – Ave. Balboa, Ramón H. Jurado St, 9th floor, Punta Paitilla, Panama
- Website: www.cashfxgroup.com
- Instagram: @cashfxgroup
- Facebook: www.facebook.com/cashfxgroup ; www.facebook.com/theCFXgroup
- Twitter: www.twitter.com/cashfxgroup